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Posted

I don't think they're in Bankruptcy (i.e. Liquidation), they're in Administration.

That's not being pedantic - they're different things and have different effects.

The prime job of the Administrators is to try to trade out of financial difficulty and either turn the business around or get it into a fit state to be sold. Neither of those will be helped by holding a fire sale.

If SC do go into Liquidation because the Administrators decide that it's beyond salvage, then there might be some sales. Alternatively, the Administrators might take a simple offer from a competitor to take their entire stock.

Posted

Hello Ped and machines
Are you still doing the count online tomorow? And if i log on in the morning and stay logged on will it count?
I gotta drive to Scotland tomorow!
Matt

Posted

[quote name='Moody' post='199443' date='May 15 2008, 11:44 AM']I thought SC did most of their stuff on sale or return? I could be totally wrong though so please treat with a large dose of seasoning.[/quote]

if they bought stuff on sale or return, in theory they could have returned all of their unsold stock and they wouldn't be in the position they are in

Posted

[quote name='john_the_bass' post='199480' date='May 15 2008, 12:31 PM']if they bought stuff on sale or return, in theory they could have returned all of their unsold stock and they wouldn't be in the position they are in[/quote]

Going off the state of the Stoke SC they are very light on stock, so I'm assuming it was recalled by the supplier or returned by SC. Either that or they have had a cracking week of selling stuff.

Posted

Last time I popped into Oxford St loads of things had stickers on saying "property of [manufacturer name here]. NOT FOR SALE" so I guess most stuff was going back whence it came.

Posted

The guitarist in my band (Rob) got a mega deal on an American Standard Tobacco Sunburst Strat and a DigiTech Whammy (+ 8 sets of D’Addario strings thrown in for free) cos he walked in with a wedge of cash and pretty much said “take it or leave it”…and they took it. So I think to a certain extent, and because of what’s happening to the company at the moment, you can propose your own deals and be a bit of a mean f***er about it.

By the way – that was the SC in Salford (Manchester)

Posted

The SC in Leicester is also thin on the ground. To be honest (and without sounding like a moaning git) I'm not surprised SC is going downhill, the service at the one in Leicester is dreadful.

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